For the corporate marketplace, there is an equally versatile finance solution that enables companies to shield themselves against unneeded risk as they move toward financial goals.

Clark Consulting is one of the largest COLI providers in America. The term COLI typically refers to the purchase by a corporation of life insurance policies on a select group of employees in whom the corporation has an insurable interest. In general, the corporation pays the insurance premiums, owns the cash value of each policy, and is the beneficiary of the COLI policies.

COLI with Confidence

COLI products are often used to assist corporations in the informal financing of nonqualified deferred compensation arrangements, including supplemental executive retirement plans and employee deferral plans. COLI policies are long-term investments with real tax advantages.

With a properly designed plan and placement of COLI, the corporation accumulates a cash value asset on a tax-deferred basis, and receives tax-free death benefit proceeds. The use of COLI enables companies to afford to offer benefits to employees and executives, as the policies provide a cost-recovery for the expense created by these programs. In addition, COLI may assist the company in achieving improved after-tax results.

Clark Consulting offers both fixed and variable COLI products from dozens of top-rated carriers, the choice of which rests on careful analysis of and attention to the client's individual business objectives.